WEX
WEX
Market cap $8.77B

213.55 USD

+0.18

0.08%

At close Oct 17, 4:00 PM EDT

After hours

213.55

+0.00

0.00%

1 day

0.08%

5 days

0.26%

1 month

5.30%

3 months

12.64%

6 months

-7.10%

Year to date

9.31%

1 year

9.47%

5 years

3.06%

About: WEX Inc is a provider of corporate payment solutions. The company operates three business segments: Mobility, Benefits, and Corporate Payments. Mobility segment, the largest segment by revenue, provides fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets. The Corporate Payments segment offers business-to-business payment processing and transaction monitoring services. The Benefits segment generates revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America.

Employees: 7,200

Industrials Business Services

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

3,190% more call options, than puts

Call options by funds: $92.1M | Put options by funds: $2.8M

41% more first-time investments, than exits

New positions opened: 83 | Existing positions closed: 59

6% more funds holding

Funds holding: 414 [Q1] → 438 (+24) [Q2]

5.63% less ownership

Funds ownership: 103.67% [Q1] → 98.04% (-5.63%) [Q2]

14% less repeat investments, than reductions

Existing positions increased: 133 | Existing positions reduced: 154

29% less capital invested

Capital invested by funds: $10.3B [Q1] → $7.29B (-$2.98B) [Q2]

38% less funds holding in top 10

Funds holding in top 10: 8 [Q1] → 5 (-3) [Q2]

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$190

11%

downside

Avg. target

$214

0%

upside

High target

$255

19%

upside

4 analyst ratings

1 positive

25%

3 neutral

75%

0 negative

0%

Jefferies Trevor Williams 85% 1-year accuracy 11 / 13 met price target	2%downside $210	Hold Maintained	16 Oct 2024
B of A Securities Mihir Bhatia 82% 1-year accuracy 9 / 11 met price target	19%upside $255	Buy Maintained	15 Oct 2024
JP Morgan Tien-Tsin Huang 66% 1-year accuracy 31 / 47 met price target	6%downside $200	Neutral Maintained	20 Aug 2024
Wells Fargo Andrew Bauch 66% 1-year accuracy 21 / 32 met price target	11%downside $190	Equal-Weight Maintained	26 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 9 articles about WEX published over the past 30 days

Zacks Investment Research

Wex (WEX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Wex (WEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Wex (WEX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Zacks Investment Research

Why Wex (WEX) is a Top Momentum Stock for the Long-Term

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Why Wex (WEX) is a Top Momentum Stock for the Long-Term

WEX Inc. to Release Third Quarter 2024 Financial Results on October 24, 2024

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced it will report third quarter 2024 financial results before the market opens on Thursday, October 24, 2024. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results. The conference call will be webcast live onli.

WEX Inc. to Release Third Quarter 2024 Financial Results on October 24, 2024

WEX Extends Fuel Discounts to Independent Truckers, Grows Offerings with Launch of 10-4 by WEX

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the general availability release of 10-4 by WEX, a free mobile app that provides independent truckers and small trucking companies in the U.S. with fuel discounts typically reserved for larger trucking enterprises. This increases WEX's total addressable market in its Mobility segment by expanding its diesel product offerings to sole proprietors and.

WEX Extends Fuel Discounts to Independent Truckers, Grows Offerings with Launch of 10-4 by WEX

Zacks Investment Research

Here's Why You Should Retain WEX Stock in Your Portfolio

WEX has strong market leadership, diversified revenue streams and growth opportunities in global markets.

Here's Why You Should Retain WEX Stock in Your Portfolio

Zacks Investment Research

Here's Why Wex (WEX) is a Strong Value Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Here's Why Wex (WEX) is a Strong Value Stock

WEX: Attractively Priced For Double-Digit Earnings Growth Ahead

WEX shares are nearly flat this year, as the company faces a tough economic backdrop. However, the outlook beyond the near-term headwinds suggests potential for double-digit earnings growth. Valuation appears compelling for this high-quality business, given its strong track record of profitable growth.

WEX: Attractively Priced For Double-Digit Earnings Growth Ahead

Electrified Fleet Adoption Surges Despite Slowing EV Demand in Passenger Market

80% of Global Commercial Fleet Leaders Surveyed Set Goal for 25% EVs by 2030, Latest Frost & Sullivan Insights Reveal LONDON , Sept. 18, 2024 /PRNewswire/ -- Conducted by Frost & Sullivan and commissioned by WEX (NYSE: WEX), a new report provides key insights for organisations managing mixed-energy fleets across Europe, North America, and Asia-Pacific.

Electrified Fleet Adoption Surges Despite Slowing EV Demand in Passenger Market

Mixed-Energy Fleets on the Rise: Survey Finds 80% of Global Commercial Fleet Leaders Aim for at Least 25% of Their Fleets to Be EVs by 2030

PORTLAND, Maine--(BUSINESS WIRE)--A new study by Frost & Sullivan commissioned by WEX (NYSE: WEX), the global commerce platform simplifying the business of running a business, reveals that mixed-energy fleets are projected to increase given anticipated commercial EV adoption rates. According to the study, 80% of mixed-energy fleet operators intend for at least 25% of their fleets to be comprised of electric vehicles (EVs) by 2030 and 42% stated that half or more of their fleet would be comp.

Mixed-Energy Fleets on the Rise: Survey Finds 80% of Global Commercial Fleet Leaders Aim for at Least 25% of Their Fleets to Be EVs by 2030

Zacks Investment Research

Here's Why You Should Retain WEX Stock in Your Portfolio Now

WEX benefits from its acquisitions, vast fuel network, transaction volume growth and new partnerships that provide a competitive edge.

Here's Why You Should Retain WEX Stock in Your Portfolio Now

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